Loan shark among three held for abducting businessman in Chennai

Chennai, Aug 21 (IANS) The Tamil Nadu police have arrested three persons including a Chennai-based financier for allegedly abducting a businessman who had failed to repay a loan of Rs 1 crore taken from the financier.The arrested accused have been identified as Arockia Raj, the financier, Afrose, and Aravind his accomplices.Saravanan, the real estate businessman, was abducted on Saturday evening by a gang allegedly led by a local financier Arockia Raj. Saravanan had taken Rs 1 crore from Arockia Raj a few months ago but was unable to return the money.According to the police, Saravanan received a call from Arockia Raj on Saturday about a new deal. The financier along with a few of his henchmen reached Saravanan's home, took the keys of two of his luxury cars, a watch and gold jewellery from there. Later they bundled Saravanan into a car and took off.However, the family of Saravanan lodged a complaint with the police, which immediately swung into action. The police team of T. Nagar police station searched the CCTV cameras through the road and intercepted the car on ECR. A special police team rescued Saravanan and recovered his two luxury cars.Police told IANS that a manhunt is on for nine other people who were involved in the abduction.
--IANS aal/shs

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